PRG vs QQQ: Correlation
Measured on weekly returns over the past three years, PROG Holdings, Inc. (PRG) and Invesco QQQ Trust (QQQ) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRG and QQQ?
On 3 years of weekly data the PRG/QQQ correlation comes out at 0.23, weak. The relationship has been stable: the 1-year correlation (0.17) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 213.1 %².
QQQ is close to the least connected end of PRG's tracked universe, ranking #9 of 12. On 12-month performance QQQ holds a 12.4-point edge, +13.9% against +26.3%. Note the risk asymmetry: PRG runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
PRG vs QQQ: side by side
| PRG (PROG Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +13.9% | +26.3% |
| 5-year return | -13.8% | +95.4% |
| Volatility (ann.) | 46.7% | 19.6% |
| Beta vs S&P 500 | 1.07 | 1.28 |
| Max drawdown (3Y) | -51.9% | -22.8% |
| Market cap | $1.6B | – |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 1.36% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | PRG | QQQ |
|---|---|---|
| 2022 | -62.6% | -32.6% |
| 2023 | +83.0% | +54.9% |
| 2024 | +38.4% | +25.6% |
| 2025 | -29.0% | +20.8% |
| 2026 | +36.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRG and QQQ good diversifiers for each other?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PRG and QQQ?
The PRG/QQQ correlation stands at 0.23 on a 3-year window (1 year: 0.17, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PRG?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/prg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/prg-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PRG correlations · QQQ correlations
